Bradley, Inc. has a 9 percent coupon bond that matures in 5 years. The bond pays interest annually. What is the market price of a $1,000 face value bond if the yield to maturity is 7.56 percent?

• $1,058.17
• $1,126.64
• $363.55
• $1,146.13
• $1,000.00

AAA, Inc. pays a $2.25 annual dividend per share to preferred stock shareholders. If the required rate of return is 5.6%, what is the value of preferred stock?

• $42.43
• $36.81
• $38.33
• $40.18